What's going on moong it's time for your daily stock market update and boy what an exciting day in the stock market? It was so we just kicked off the second full week of trading in march, and there was a lot of fireworks to be seen in this video we'll be talking about the hot movers amc gme we'll be talking about a little bit about tesla and, of course, The overall market i'll also be sharing an update on the public portfolios. Just so you know how they're doing, but before i get into all that, don't forget to join up with the moon gang by hitting the subscribe button. If you don't want to miss any of the daily live streams or fundamentals, technical slash, portfolio, update videos, make sure you're going over to that bell, icon clicking on it and switching it to always, so you don't miss a thing and also as a quick reminder. If you want two free stocks, make sure to check out the link to weeble you'll, get one free stock for signing up and then a second free stock for depositing a hundred dollars.

A lot of the moon gang magnum bears have been reporting that they're getting amc as their free stock. So if you're a part of this amc squeeze train, it's definitely worthwhile to check out alrighty, let's hop into it. So before this technical breakdown, let me give you an update of what's going on so right now we are operating under two different portfolios. Now we have two public portfolios, one on weeble, one on robinhood, um and i'll.

Explain why in just a second but hang on, ring the bell sound, the alarms, matt finally, locked in some profit today, in fact, um. I locked in some profit on the weeble account that added up to 4.6 000 in locked-in profits, and then we have even more unrealized gains. So let me explain: what's going on. First, are some gme calls? Let me just show you this um.

So, basically, on march 4th, i had two calls and they each cost me 27.90. Basically, 200 strike price expiration of not this friday. Next friday march 19th. They each cost.

Me 27.90. I sold one of two, i locked in profits on half the position, because, obviously with options they do expire, you can't completely diamond hands them so to create the position for two of them. It cost me five thousand six hundred and today i sold one for four thousand, eight hundred, which means i locked in a cool profit of 2k and then the other one, i'm swinging it because gme i mean right now, it's showing quite a bit of strength. It's right below 200, i'm very excited for it.

The other one is currently up 1.8 000, but just so you know that one's unrealized, but i did lock in a realized gain of 2k on gme and then the other one we need to talk about here are some of the orders are on tesla. It actually might be easier for me to show you this here. So basically just so you know, i am my long-term outlook on tesla and really the entire ev sector is a bullish one. I own a lot of shares in tesla in my private portfolio.

So really me buying puts on tesla was a hedge against my tesla position and really my entire investment portfolio. Now that tesla's in the s p 500, it's not going to move perfectly with it, but they're going to be pretty much correlated so same thing on march. 4Th i bought three tesla puts a strike price of 550 expiration date of march 12th. This friday, the entire position cost me 3 400..

I sold one for 2, 000, the other one for another 2000 and the other one for 1 900, which means that in profit. I locked in 2.6 000 so overall today in the weber weeble portfolio alone, i locked in a gain of 4.6 000 and then i have an unrealized gain uh that additional gme call of 1800 awesome day awesome way to kick off the week very, very excited, but Wait, there's more obviously been staying up to my channel. You know that i still have this uh robin hood. I just never felt like transferring over my gm or amc shares, so i still have amc and jme shares 225 and an average of 8.85.

So this is finally in profit g and me: i have 18 shares and an average of 156. So this is also now in profit, which is awesome. I have these rkt calls. You don't have to worry about that they're most likely gon na expire zero.

But let's talk about my amc calls i have 12 expiration date of next friday march 19th, i'm in at 126 per call contract. Once again, this strike price of nine dollars as of now they're up 19 up almost 300, which is cool, but i'm really swinging for the fences on that one and so in the weeble portfolio. I had three of these. I had three 550 puts expiration date of this friday.

This was very chasey, so i have two left over. I got these two at 25, so i'm down about a thousand dollars, but overall the robinhood account is up 3, 300.. So, overall, in the two public accounts, i locked in four point six thousand and in unrealized gains in this account. I have three point three thousand and in the weeble account i have an additional one point.

Eight thousand so uh awesome day very exciting day to be in the stock market. So now, let's switch gears a little bit to talk about. What's going on, um really hang on. Let me come over to this one, so we have a better idea of really what to look for tomorrow.

So, let's start at the high level view the s p. 500. Is the etf exchange traded fund that trucks 500 of the biggest companies in the u.s? Because it's tracking so many big important companies, it can be thought as a good barometer for the overall stock market. So we recently hit an all-time high on february 16th at 394 and since then it's kind of selling off um.

The reason i'm bringing this to your attention is because we're coming up very, very close to an inflection point, so this top red trend line, i'm looking for for a bullish breakout if the market can get above it, which could definitely happen with the looming stimulus deal. I think that i'm gon na buy a lot of calls. I'm gon na invest in more stocks. I think the bull phase, the overall bull phase, will continue, so that will be a breakout first of 385 and then this trend line and depending on how long that takes to play out, it could be anywhere from 388 all the way down to 386..

So i'm watching this red trendline on the flip side, though, like i said we're at an inflection point, there could be a breakdown of this blue trend line. This blue trend line is insanely insanely important, i mean check it out. Um from that low of march of 2020 connected to the low um, i believe on october 30th. Basically, we get this overall trendline uh we've been following it up for quite a while and that's why it's such a big deal.

If we break down um so right now the s p. 500. It closed out the day at 382. That's roughly where it is in postmarket, so tomorrow and really for the remainder of this week.

I will be watching this blue trend line and this red trend line, like a hawk above the red trend line, is pretty bullish below the blue trend line, is pretty bearish i'll, be waiting for a break and i'll be playing it accordingly, a break upward i'll be Buying calls a breakdown word i'll, be buying puts uh. So i just want you to know how i'm seeing the overall market, because it really can be thought of as if it's going well, that'll be tailwinds for your individual socks, but if things are going poorly that'll be headwinds for your individual stocks. So just so, you know, what's going on with all that, and now let's go through the stocks in alphabetical order. So, let's start off with amc today it gained an awesome 15.

It's trading at night. It closed at 9, 29 - very, very excited because it finally got above this resistance that had such about a week with in the first week of march, which was that nine dollar level of resistance and when i say resistance and support. All i mean is a price level. Resistance is that it's been rejected by, and support is a price level that it's bounced off of it's very very important to map these out, because support and resistance acts as support and resistance in the future.

Once you have an important price level, it's commonly important in the future. That's why it's worthwhile to map these out so anyway, moving forward today, we close at 9 29. We do have an upcoming resistance at 10 10, which is the bottom of this gap on february, 2nd and then past that we have what we got up to here, which was right at 11, also key psychological level. Humans love those round numbers, so first i'll be watching 10 10 followed by 11, and then we have the top of this gap of 1291..

So today, gamestop almost filled its gap as we're about to see in a second and i'm still looking for amc to follow through. But please please don't forget with amc that they do have their earnings report after the market closes this wednesday on march 10th. Basically, they're going to be reporting how they did in the last fiscal quarter. So if we exceed expectations, i'm expecting the stock to go up, but if somehow they miss expectations or if they have somewhat of a negative bearish comment, i'm expecting the stock to go down.

It's very very much a binary event. It's a flip of a coin it'll be either very well good, very bad and the stock will obviously react accordingly. Let me quickly switch over and just show you one thing on the 30 minute chart. So today we hit 9 47, which was higher than the two highs we saw on march 1st and 2nd.

I like this bullis action um the stock. We had a nice technical breakout of this trend line today, lots of things to be excited about on. In the short term, time frame, but also just so, you know there is another small resistance at 9.75. I just wanted to bring that out to your attention and once amc breaks out above that uh, i'm looking for this gap fill basically resistance at 11, and then i want a gap fill all the way up to 12.91.

If that does happen, all those those 12 call options. I have at a 9 strike price. They will be worth a lot a lot of money, but it's high risk high reward. I wouldn't say that the likelihood of this playing out is high, but if it does play out to me it's worth the risk and reward because it'll it'll be a big payday likelihood low payout high.

That's what you get in the stock market um, but overall the action we're seeing today volume picked up a little bit. Obviously, people were buying. I think we're gearing up for that earnings announcement after wednesday after the market closes so cool things more reasons to be excited about gme today was awesome, absolutely absolutely awesome. Here's a look at the daily chart, so gme gained 41.

Today, it uh closed out 194 post market. It got above 200, it just came back down to 196 191. We were so so close to the official gap fill so the gap bill is at 212 and today's high was 210 87.. You know i do my best.

I'm not notre dame, i don't have a crystal ball but being off by a dollar. Fifty is pretty darn close when you're talking about a two hundred dollar plus stock. So still, i am looking for that official gap bill up to 212 past 212. We have a nice psychological level and also the site of support on january 29th and january 27th at 2 50..

So those are the first two levels i'm watching tomorrow. If tomorrow goes absolutely bonkers, i will be watching also 322. um in terms of support. We have 185 and below that 158 that'll be actually easier to show you on this 30 minute chart.

So still looking for the gap, fill up to 212 support right now, 185 pass that 158. Those are the two main technical levels i will be watching in gamestop. Tomorrow but uh this bullish action is undeniable, absolutely absolutely awesome. On the flip side, let's switch gears over to tesla.

Now so remember, i am very bullish on tesla, i'm not saying anything negative about it, i'm just trying to hedge my portfolio, hedge, my own risk, because i have a lot of shares of tesla and for me ever since. What is this february 8th? It's kind of undeniable that the bears have been in control. I mean february 8th, like we've just been following this trend line down, it couldn't hold the support between 598 600. So for me i was just trying to hedge.

My own account all the way down to this support at what is this low at 566. um? If you were in the live stream today, you know we've been have me, i shouldn't say we i've been having issues capturing profits. You guys basically had to twist my arm until it almost snapped to finally lock in profits. I do have those two of the runners.

I would like to capture another uh thing of profits at friday's low. What is this low of 540 and then the other one? I'm just gon na let it run um. On the flip side, though, i would love to invest more in tesla and buy calls on tesla somewhere between 540 and 500. That is my zone where i'm trying to buy the dip just so you know, what's going on with that, and let's check out the 30 minute chart on tesla, so overall uh kind of weird action right now, it's at 5 59..

I think, there's a decent shot. We see 540 tomorrow, where i'll be looking to capture the two puts uh tesla puts that i have in the robin hood account i'll capture, one, let the other one ride and then somewhere between 500 and 540. I will be switching gears because, as you saw in the daily rsi, it's getting very very oversold. The rsi is the relative strength index, it maps bullish versus bearish momentum.

This is a lot of bearish momentum and it's commonly assigned that people are about to step in by the dip and swing back, obviously, nothing in the stock market, no technical indicators ever perfect, but i'm using this one as like: hey, okay, the bears are running out Of strength - and i'm expect expecting the bulls to finally finally step in, i think the same could be said about classic other socks, nvidia apple paluntier, all of those, i think, are right for a dip buy opportunity. That's what i'll personally be looking for so overall in the world of meme stocks, if we come back to amc, gme, uh, they're, gearing up to have a pretty exciting day tomorrow, pretty exciting week for the second trading week of march, the spy is looking a little Bit weak but we're looking for that wedge: bullish above the 387 388 area, bearish below 379, very bearish below 375 368. So the overall market's at an inflection point - and i think that'll - have a much greater impact on stocks like tesla, so um there's different things going on be prepared for that weakness in these big established blue chip stocks, but these meme socks. It looks like the people who have been having diamond hands and holding out are finally going to get to see their payday pretty soon, so i'm definitely definitely excited.

I would love to know your thoughts on all these stocks below. Do you think that jimmy amc are going to squeeze if they do, which one do you think will squeeze more and then also as a separate question, let me know your own thoughts in the overall market. Do you think um the market's going to shoot up on stimulus news? Do you think it's kind of a buy the room or sell the news type deal, and it's already priced in and the market's about to have a healthy correction? I would love to know your thoughts in a comment below don't forget about that. Weibo sign up.

You can get two free stocks, one for signing up and one for depositing a hundred dollars. Um and don't forget to hit join up with the moon game by hitting the subscribe button, you can go over to the bell: icon click on it and switch it to always. So you don't miss any of the video updates like this or any of the live streams that we do monday to friday. I would love to see you there and until then from me the duck shirt and the chair best of luck in the markets.

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